Small Business Prosperity Act of 2022

Summary

Small Business Prosperity Act of 2022 This bill modifies the tax deduction for qualified business income to (1) make such deduction permanent, (2) limit to 21% the top tax rate on qualified business income, (3) repeal the limitation on the deduction based on amount of wages paid, and (4) revise the definition of qualified trade or business to mean any trade or business other than the trade of business of performing services as an employee. The bill provides that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization, The bill repeals the estate tax after 2022.

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Timeline

1. 17 May 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 17 May 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 May 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 May 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 May 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 May 2022

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 17 May 2022

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Biggs, Andy [R-AZ-5] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Small Business Prosperity Act of 2023
• related to ← Small Business Prosperity Act of 2019